BKEM vs. SPEM
Compare and contrast key facts about BNY Mellon Emerging Markets Equity ETF (BKEM) and SPDR Portfolio Emerging Markets ETF (SPEM).
BKEM and SPEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKEM is a passively managed fund by BNY Mellon that tracks the performance of the Morningstar Emerging Markets Large Cap Index. It was launched on Apr 24, 2020. SPEM is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets BMI. It was launched on Mar 19, 2007. Both BKEM and SPEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BKEM vs. SPEM - Performance Comparison
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BKEM vs. SPEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 5.83% | 30.55% | 7.53% | 8.68% | -19.43% | -3.91% | 47.53% |
SPEM SPDR Portfolio Emerging Markets ETF | 0.21% | 25.63% | 11.40% | 10.51% | -17.90% | 1.51% | 45.03% |
Returns By Period
In the year-to-date period, BKEM achieves a 5.83% return, which is significantly higher than SPEM's 0.21% return.
BKEM
- 1D
- 3.62%
- 1M
- -8.93%
- YTD
- 5.83%
- 6M
- 9.17%
- 1Y
- 33.56%
- 3Y*
- 15.90%
- 5Y*
- 3.63%
- 10Y*
- —
SPEM
- 1D
- 3.17%
- 1M
- -7.13%
- YTD
- 0.21%
- 6M
- 1.89%
- 1Y
- 22.70%
- 3Y*
- 14.39%
- 5Y*
- 4.29%
- 10Y*
- 8.16%
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BKEM vs. SPEM - Expense Ratio Comparison
Both BKEM and SPEM have an expense ratio of 0.11%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
BKEM vs. SPEM — Risk / Return Rank
BKEM
SPEM
BKEM vs. SPEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and SPDR Portfolio Emerging Markets ETF (SPEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BKEM | SPEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.28 | +0.40 |
Sortino ratioReturn per unit of downside risk | 2.26 | 1.80 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.82 | +0.71 |
Martin ratioReturn relative to average drawdown | 9.54 | 7.01 | +2.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKEM | SPEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.28 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.25 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.21 | +0.37 |
Correlation
The correlation between BKEM and SPEM is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BKEM vs. SPEM - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 2.13%, less than SPEM's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 2.13% | 2.25% | 2.76% | 3.02% | 3.15% | 2.22% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.77% | 2.77% | 2.78% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% |
Drawdowns
BKEM vs. SPEM - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, smaller than the maximum SPEM drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for BKEM and SPEM.
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Drawdown Indicators
| BKEM | SPEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -64.41% | +24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -12.35% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -36.65% | -31.94% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.06% | — |
Current DrawdownCurrent decline from peak | -9.96% | -8.56% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -16.41% | -14.87% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 3.20% | +0.28% |
Volatility
BKEM vs. SPEM - Volatility Comparison
BNY Mellon Emerging Markets Equity ETF (BKEM) has a higher volatility of 10.47% compared to SPDR Portfolio Emerging Markets ETF (SPEM) at 8.25%. This indicates that BKEM's price experiences larger fluctuations and is considered to be riskier than SPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKEM | SPEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.47% | 8.25% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 12.23% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 17.79% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.32% | 16.95% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 18.76% | +0.12% |